1,300 Sqm
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Property Description
Ultra-Prime Land For Sale at 317 Close, Banana Island, Ikoyi
1,300 SQM Premium Close Location ₦4.7M/SQM ₦6.11B Total
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Property Overview
- Location: 317 Close, Banana Island, Ikoyi, Lagos
- Land Size: 1,300 SQM
- Price per SQM: ₦4,700,000
- Total Price: ₦6,110,000,000
- Title: Expected full title (C of O / Banana Island Title)
- Status: Prime land in secure, exclusive close on Banana Island
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Key Highlights
- Premium Close Address -- Situated on a private, low-traffic close within Banana Island
- Banana Island Exclusivity -- Africa's most prestigious residential enclave
- Substantial Plot Size -- 1,300 SQM allows for a landmark mansion or multi-unit luxury residence
- Secure & Serene Environment -- Gated island with 24/7 security, private infrastructure
- Elite Community -- Neighbors include billionaires, expatriates, and global business leaders
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️ Development Potential
- Mega Luxury Mansion with extensive amenities
- Dual Residences for multi-generational living
- Boutique Villa Estate (if zoning allows multiple units)
- Ultra-Premium Corporate Guest Compound
- Architectural Showpiece with private waterfront/pool/garden
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Banana Island Benefits
- Unmatched Security -- Controlled access, surveillance, private patrols
- World-Class Infrastructure -- Independent power, water, fiber optics, waste management
- Prestige Address -- Recognized globally as Nigeria's most exclusive residential location
- Waterfront Lifestyle -- Many closes offer canal or lagoon access
- Community & Privacy -- Elite social environment while maintaining absolute privacy
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Investment Value
- Total Price: ₦6.11 Billion
- Price per SQM: ₦4.7 Million
- Land Banking Potential -- Banana Island land values continue to appreciate significantly
- High-End Rental Market -- Strong demand from expatriates, diplomats, and executives
- Legacy Asset -- A tangible store of value in Nigeria's most secure real estate market
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Exclusive Offering -- For Visionary Investors
A substantial plot on a premium close within Banana Island -- offering the ultimate opportunity to create a legacy home or a landmark development in Africa's most exclusive address.
Ideal For:
- Ultra-High-Net-Worth Individuals
- Luxury Property Developers
- Corporate Chairmen & CEOs
- International Investors
- Family Offices
Contact For:
- Private Site Inspection
- Title & Zoning Review
- Purchase Negotiation
A rare chance to build on one of Banana Island's prestigious closes.
Property Details
| Property Ref: 3243188 | Added On: 08 Dec 2025 | Last Updated: 08 Dec 2025 |
| Market Status: Available | Type: Residential Land | Total Area: 1,300 sqm |
Interesting Facts
Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reputation as a luxurious and refined haven. It is renowned as one of the most expensive neighborhoods in Africa, attracting affluent individuals from diverse backgrounds.
Leisure and Shopping
Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lush green spaces, and enjoy the luxurious amenities provided by the exclusive relaxation centers. Oladimeji Shonubi Supermarket, Mr. Femi Superstores, Hartleys Supermarket, Kola Superstores, Banana Island Sports Field, Banana Island Park, and the Banana Island Club are prime examples of the leisure and shopping options available in Banana Island.
Popular Estates
Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vistas. Boasting top-notch facilities and unmatched seclusion, these estates are a testament to elegance, ensuring each resident experiences an unparalleled lifestyle. Among the distinguished estates on Banana Island are Happy Haven Estate, The Address Homes, Bella Vista Apartments, Grace Court, and Morgan Apartments.
Day Life
Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like the Hanging Basket Restaurant and the esteemed Chicken Republic. If you're in search of a destination suitable for the whole family, the nearby Youfine Art Gallery presents nature trails of art work, providing a delightful experience.
Night Life
Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rather than its nightlife scene. The island is a serene and exclusive area with a focus on privacy and security. However, for a livelier nightlife scene, residents can venture to nearby areas such as Victoria Island and Ikoyi, where one can find several upscale lounges, bars, and clubs that offer an unforgettable evening of entertainment. We have places like Escape Nightclub, Quilox, Sky Restaurant and Lounge, The Blowfish Hotel and Club, Caliente Club, and Escape Nightclub.
Schools
Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their children need look no further, as Banana Island International School stands as a beacon of prestige within this coveted community. Additionally, residents have the privilege of choosing from a range of esteemed schools in close proximity, including Greenwood House School, Meadow Hall School, and Lagoon School, all of which provide excellent educational options to meet the discerning standards of Banana Island's residents.
Read the full area guide for Banana Island, Ikoyi, Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
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